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Economy of Hungary vs Jordan compared: GDP & Debt

Updated on by Georank team

Hungary has a GDP of $223B compared to $53.4B for Jordan, ranking 55/197 and 90/197 by economy size, respectively.

Hungary has $164B in government debt (73.5% of GDP), compared to $48.1B (90.2% of GDP) in Jordan.

Hungary vs Jordan GDP by year

Hungary
Jordan
1x
Year GDP, current $
Hungary Jordan
2024 $222,722,738,926 $53,352,289,577
2023 $213,240,316,635 $51,088,476,338
2022 $177,002,580,544 $48,764,963,380
2021 $183,282,685,440 $46,296,100,141
2020 $158,468,487,754 $43,700,383,099
2019 $164,936,682,034 $44,503,006,338
2018 $161,184,691,014 $43,370,860,704
2017 $143,335,098,992 $41,608,435,915
2016 $128,983,560,865 $39,892,551,127
2015 $125,244,126,623 $38,587,017,887
2014 $141,128,696,412 $36,847,643,521
2013 $135,646,053,779 $34,454,440,141
2012 $128,470,269,690 $31,634,561,690
2011 $141,712,804,954 $29,524,149,155
2010 $131,898,737,241 $27,133,804,225
2009 $130,807,441,076 $24,537,876,056
2008 $158,228,265,916 $22,658,715,989
2007 $140,123,326,896 $17,110,437,236
2006 $115,604,111,412 $15,056,981,664
2005 $113,098,237,571 $12,588,998,590
2004 $104,015,363,080 $11,411,706,629
2003 $85,190,469,121 $10,195,627,645
2002 $67,636,468,625 $9,582,510,578
2001 $53,800,068,066 $8,975,814,653
2000 $47,275,954,429 $8,460,789,845
1999 $49,160,204,397 $8,149,929,478
1998 $48,784,412,624 $7,912,270,804
1997 $47,398,564,799 $7,245,839,210
1996 $46,833,767,124 $6,927,503,526
1995 $46,577,614,589 $6,727,597,032
1994 $43,307,949,890 $6,236,295,978
1993 $40,256,233,360 $5,606,400,222
1992 $38,857,339,125 $5,310,833,194
1991 $34,867,307,353 $4,344,467,193
1990 $34,478,360,679 $4,160,087,508
1989 $30,422,508,938 $4,221,373,674
1988 $29,799,838,597 $6,277,451,829
1987 $27,232,016,527 $6,756,209,762
1986 $24,778,163,812 $6,402,050,485
1985 $21,510,643,750 $4,993,601,520
1984 $21,242,726,264 $4,967,162,160
1983 $21,910,365,258 $4,920,692,191
1982 $24,141,667,188 $4,681,240,993
1981 $23,705,883,892 $4,383,944,703
1980 $23,116,977,148 $3,910,044,474
1979 $19,959,731,325 $3,271,368,781
1978 $17,286,744,154 $2,602,208,589
1977 $14,783,674,055 $2,096,778,602
1976 $13,235,612,079 $1,708,521,219
1975 $11,420,392,515 $1,363,073,498
1974 $10,016,338,179 $1,197,483,949
1973 $9,138,292,402 $943,783,840
1972 $7,379,313,742 $788,479,685
1971 $6,291,568,221 $678,159,729
1970 $5,780,929,203 $639,519,744
1969 $5,429,812,387 $698,879,720
1968 $4,886,222,555 $561,119,776
1967 - $631,679,747
1966 - $657,999,737
1965 - $599,759,760

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/hungary/jordan | CC BY

GDP per capita in Hungary vs Jordan by year

Hungary
GDP per capita

GDP per capita, PPP
Jordan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Hungary Jordan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,292 $48,552 $4,618 $10,821
2023 $22,231 $46,592 $4,466 $10,412
2022 $18,428 $44,366 $4,332 $9,927
2021 $19,031 $38,887 $4,183 $9,182
2020 $16,387 $35,584 $4,022 $9,579
2019 $17,013 $35,627 $4,170 $9,429
2018 $16,605 $32,258 $4,145 $9,042
2017 $14,736 $29,728 $4,066 $9,266
2016 $13,216 $28,179 $3,987 $8,748
2015 $12,783 $26,938 $4,043 $8,967
2014 $14,353 $25,796 $4,191 $9,145
2013 $13,739 $24,592 $4,311 $9,817
2012 $12,950 $23,205 $4,170 $9,739
2011 $14,211 $22,992 $3,947 $9,632
2010 $13,190 $21,691 $3,718 $9,417
2009 $13,051 $20,691 $3,436 $9,291
2008 $15,763 $20,709 $3,242 $8,983
2007 $13,935 $19,089 $2,506 $8,416
2006 $11,478 $18,362 $2,343 $8,046
2005 $11,212 $17,091 $2,088 $7,697
2004 $10,291 $16,251 $1,940 $7,074
2003 $8,410 $15,460 $1,776 $6,500
2002 $6,658 $14,532 $1,706 $6,256
2001 $5,281 $13,223 $1,632 $5,948
2000 $4,630 $11,872 $1,571 $5,641
1999 $4,802 $10,892 $1,545 $5,402
1998 $4,752 $10,415 $1,532 $5,264
1997 $4,606 $9,846 $1,436 $5,171
1996 $4,542 $9,388 $1,410 $5,055
1995 $4,509 $9,222 $1,416 $5,027
1994 $4,187 $8,888 $1,367 $4,830
1993 $3,887 $8,441 $1,289 $4,726
1992 $3,747 $8,284 $1,287 $4,654
1991 $3,361 $8,352 $1,110 $4,195
1990 $3,324 $9,169 $1,149 $4,317
1989 $2,902 - $1,260 -
1988 $2,812 - $1,966 -
1987 $2,566 - $2,217 -
1986 $2,331 - $2,200 -
1985 $2,020 - $1,797 -
1984 $1,991 - $1,871 -
1983 $2,050 - $1,939 -
1982 $2,255 - $1,929 -
1981 $2,213 - $1,885 -
1980 $2,158 - $1,750 -
1979 $1,865 - $1,519 -
1978 $1,618 - $1,249 -
1977 $1,388 - $1,039 -
1976 $1,249 - $873 -
1975 $1,083 - $718 -
1974 $956 - $651 -
1973 $876 - $531 -
1972 $710 - $460 -
1971 $607 - $412 -
1970 $559 - $409 -
1969 $527 - $474 -
1968 $476 - $409 -
1967 - - $497 -
1966 - - $558 -
1965 - - $546 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/hungary/jordan | CC BY

Hungary's GDP per capita is $23,292, ranking 55/197, compared to $4,618 in Jordan, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Hungary ranks 48th at $48,552, while Jordan ranks 131st at $10,821.

Economic indicators

Hungary Jordan
Gross domestic product
$223B
2024
$53.4B
2024
GDP rank
55/197
2024
90/197
2024
GDP growth
0.56%
2023-2024
2.49%
2023-2024
GDP per capita
$23,292
2024
$4,618
2024
GDP per capita rank
55/197
2024
123/197
2024
GDP per capita, PPP
$48,552
2024
$10,821
2024
GDP per capita PPP rank
48/197
2024
131/197
2024
Government debt
$164B
2024
$48.1B
2024
Debt-to-GDP ratio
73.5%
2024
90.2%
2024
Government debt per person
$17,109
2024
$4,167
2024
Government debt per person rank
37/185
2024
91/185
2024
Average annual personal income after taxes
$16,996
2026
$4,787
2026
Market capitalization of domestic companies
$41.5B
2024
$24.9B
2024
Number of millionaires
24,692
2025
n/a
Number of billionaires
4
2025
n/a
Income share by richest 10%
24.4%
2022
27.4%
2010
Income share by poorest 10%
2.8%
2022
3.5%
2010
Government expenditure, % of GDP
46.9%
2024
33%
2024
Consumer prices inflation
3.7%
2023-2024
1.56%
2023-2024
Central bank interest rate
6.5%
2024
5.75%
2025
Unemployment rate
4.47%
2024
16.6%
2023
Population
9475525
11555022

Spending and national debt comparison by year

Hungary
Spending

Debt
Jordan
Spending

Debt
1x
Year % of GDP
Hungary Jordan
Government spending Government debt Government spending Government debt
2024 46.9% 73.5% 33% 90.2%
2023 49.2% 73% 32.9% 89%
2022 48.7% 73.9% 33.3% 88.6%
2021 48.1% 76.2% 34.1% 87.6%
2020 51% 78.7% 33.7% 104.5%
2019 45.8% 65% 32.4% 92.9%
2018 45.9% 68.8% 32% 87.4%
2017 46.6% 72% 29.6% 86.1%
2016 46.7% 74.6% 29.8% 85%
2015 50.4% 75.7% 31.7% 83.4%
2014 50% 76.5% 39.2% 78.6%
2013 50.1% 77.2% 36.4% 78.1%
2012 49.2% 78.4% 32.2% 73.8%
2011 49.1% 80.5% 27.4% 63.9%
2010 48.9% 80.2% 29.8% 59.5%
2009 50.7% 78.2% 35.9% 55.5%
2008 48.8% 71.8% 35.8% 53.2%
2007 49.9% 65.6% 37.7% 64.4%
2006 51.4% 64.5% 34.7% 65.6%
2005 49.4% 60.6% 37.3% 80.5%
2004 48.8% 58.9% 36.6% 86%
2003 49.2% 58.2% 36% 94.6%
2002 51% 55.6% 32.9% 91.3%
2001 47.2% 52.2% 32.1% 89.7%
2000 47.3% 55.6% 33.1% 85.6%
1999 48.9% 60.3% 32.7% 98.1%
1998 50.7% 60.4% 34.9% 99.8%
1997 49.5% 62.2% 33.9% 98.1%
1996 50.9% 71.2% 36.2% 104.9%
1995 55% 83.9% 35.5% 106.1%
1994 - 86.2% 34.3% 116.2%
1993 - 87.2% 36.4% 126.6%
1992 - 76.5% 35.5% 139.6%
1991 - 74.2% 44.9% 187%
1990 - 63.7% 44% 204.8%
1989 - 70.7% 42.5% 195.4%
1988 - - 44.3% 129.3%
1987 - - 42.1% 101.9%
1986 - - 33.8% 84.3%
1985 - - 42.4% 85.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1994, retrieved 2026-02-20).

GeoRank.org/economy/hungary/jordan | CC BY

In 2024, Hungary's government spending was $104B, accounting for 46.9% of its GDP, while Jordan spent $17.6B, or 33% of GDP.

Debt-to-GDP ratio is 73.5% in Hungary and 90.2% in Jordan, ranking 49/185 and 32/185, respectively.

Government deficit by year

Deficit/surplus
Hungary

Jordan
1x
Year Deficit/surplus, % of GDP
Hungary Jordan
2024 -4.92% -7.33%
2023 -6.75% -6.89%
2022 -6.17% -6.8%
2021 -7.11% -8.45%
2020 -7.49% -10.1%
2019 -2.02% -7.19%
2018 -2.05% -5.78%
2017 -2.45% -3.61%
2016 -1.79% -3.71%
2015 -2% -7.1%
2014 -2.77% -15.5%
2013 -2.6% -16.1%
2012 -2.33% -13.8%
2011 -5.22% -5.61%
2010 -4.44% -5.43%
2009 -4.76% -8.66%
2008 -3.78% -5.38%
2007 -5.09% -5.45%
2006 -9.27% -3.82%
2005 -7.79% -5.36%
2004 -6.6% -1.09%
2003 -7.19% -2.52%
2002 -8.79% -4.44%
2001 -4% -2.77%
2000 -3.04% -3.99%
1999 -5.27% -2.69%
1998 -7.41% -5.4%
1997 -5.54% -2.97%
1996 -4.36% -3.25%
1995 -8.57% -1.72%
1994 - -2.3%
1993 - -2.14%
1992 - 1.87%
1991 - -10.2%
1990 - -7.45%
1989 - -6.89%
1988 - -13%
1987 - -13.4%
1986 - -2.39%
1985 - -6.9%
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 -0.17% -
1942 0.31% -
1941 0.2% -
1940 -0.07% -
1939 0.19% -
1938 -0.11% -
1937 -0.01% -
1936 0.08% -
1935 0.03% -
1934 0.04% -
1933 -0.03% -
1932 -0.22% -
1931 -0.32% -
1930 -0.26% -
1929 0.02% -
1928 0.12% -
1927 0.15% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-02-20).

GeoRank.org/economy/hungary/jordan | CC BY

In 2024, Hungary's government deficit, the difference between spending and revenue, was $10.9B, equivalent to 4.92% of GDP. This compares to Jordan's deficit of $3.91B, or 7.33% of GDP.

Over the past 30 years, Hungary recorded a fiscal deficit in 30 of those years, while Jordan ran a deficit in 30 years. On average, Hungary posted an annual deficit equal to 5.05% of GDP, compared to deficit of 6.1% of GDP for Jordan.

Inflation comparison by year

Inflation
Hungary

Jordan
1x
Year Consumer prices inflation
Hungary Jordan
2024 3.7% 1.56%
2023 17.1% 2.08%
2022 14.6% 4.23%
2021 5.11% 1.35%
2020 3.33% 0.33%
2019 3.34% 0.76%
2018 2.85% 4.46%
2017 2.35% 3.32%
2016 0.39% -0.78%
2015 -0.06% -0.88%
2014 -0.23% 2.9%
2013 1.73% 4.82%
2012 5.65% 4.52%
2011 3.93% 4.16%
2010 4.86% 4.85%
2009 4.21% -0.74%
2008 6.04% 14%
2007 7.96% 4.74%
2006 3.93% 6.25%
2005 3.56% 3.49%
2004 6.74% 3.36%
2003 4.66% 1.63%
2002 5.27% 1.83%
2001 9.12% 1.77%
2000 9.8% 0.67%
1999 10% 0.61%
1998 14.2% 3.09%
1997 18.3% 3.04%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/hungary/jordan | CC BY

Over the past 28 years, Hungary has recorded an average annual inflation rate of 6.16%, compared with 2.91% in Jordan. In 2024, inflation was 3.7% in Hungary and 1.56% in Jordan.

Top exports between countries

Hungary
Export category Export value
Machinery & equipment $13.6M
Animal & marine products $11.6M
Chemicals & pharma $10.2M
Raw agricultural goods $3.3M
Raw materials & minerals $2.86M
Processed food, beverages & tobacco $1.9M
Wood & paper products $1.57M
Textiles & consumer goods $451K
Miscellaneous $97K
Metals $91K
Jordan
Export category Export value
Raw agricultural goods $3.23M
Machinery & equipment $2.94M
Processed food, beverages & tobacco $522K
Metals $174K
Chemicals & pharma $106K
Textiles & consumer goods $22K
Raw materials & minerals $10K
Precious metals & jewellery $2K

Balance of trade

Hungary Jordan
Current account balance
$3.52B
2024
-$3.13B
2024
Current account balance ranking
36/190
2024
158/190
2024
Current account balance, % of GDP
+1.58%
2024
-5.86%
2024
Goods imports
$130B
2024
$23.9B
2024
Goods exports
$129B
2024
$13.3B
2024
Service imports
$27.9B
2024
$6.5B
2024
Service exports
$38.9B
2024
$9.45B
2024
Imports of goods and services, % of GDP
71.1%
2024
57.1%
2024
Exports of goods and services, % of GDP
75.4%
2024
42.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Hungary Jordan
Economic freedom 62.5 59.3
Economic freedom ranking 86/197 104/197
Property rights 67.3 52.3
Government integrity 44 51
Judicial effectiveness 61.9 44
Tax burden 85.1 84.1
Government spending 30.2 67.2
Fiscal health 32.7 5.2
Business freedom 70.8 62.7
Labor freedom 56.5 51.3
Monetary freedom 72.1 81.2
Trade freedom 79.4 82
Investment freedom 80 70
Financial freedom 70 60

Economic freedom comparison by year

Hungary
Jordan
1x
Year Economic freedom index
Hungary Jordan
2026 62.5 59.3
2025 61.4 59.4
2024 61.2 58.3
2023 64.1 58.8
2022 66.9 60.1
2021 67.2 64.6
2020 66.4 66
2019 65 66.5
2018 66.7 64.9
2017 65.8 66.7
2016 66 68.3
2015 66.8 69.3
2014 67 69.2
2013 67.3 70.4
2012 67.1 69.9
2011 66.6 68.9
2010 66.1 66.1
2009 66.8 65.4
2008 67.6 64.1
2007 64.8 64.5
2006 65 63.7
2005 63.5 66.7
2004 62.7 66.1
2003 63 65.3
2002 64.5 66.2
2001 65.6 68.3
2000 64.4 67.5
1999 59.6 67.4
1998 56.9 66.8
1997 55.3 63.6
1996 56.8 60.8
1995 55.2 62.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/hungary/jordan | CC BY

The Economic Freedom Index for Hungary is 62.5, ranking 86/197, compared to 59.3 for Jordan, ranking 104/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Hungary Jordan
Services, % of GDP
59.5%
2024
60.4%
2024
Industry, % of GDP
23.7%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
2.71%
2024
5.07%
2024
GNI, Atlas method
$199B
2024
$51.2B
2024
GNI per capita, PPP
$47,290
2024
$10,570
2024
Total reserves including gold
$46.4B
2024
$21.9B
2024
Total reserves ranking
42/177
2024
60/177
2024
Net foreign direct investment
-$15.8B
2024
-$1.58B
2024
Net inflows of foreign direct investment
-$62.2B
2024
$1.63B
2024
Net outflows of foreign direct investment
-$78B
2024
$54.1M
2024
Servicing debt to the IMF, % of GNI n/a
8.64%
2024
Poverty at national poverty lines
12.1%
2021
14.2%
2020
Gross capital formation, % of GDP
23.5%
2024
25.2%
2021

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/hungary/jordan | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1927–1994, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.